Landlords in England can relax after it was confirmed the lettings market hasn’t suffered from the inactivity of the past couple of months.
On the contrary, pent-up demand caused by the coronavirus lockdown, has seen record number of enquiries in the sector compared to similar years. According to Proptech firm Goodlord’s Letting Activity Tracker the number of rental applications and completed lettings have far surpassed last year’s figures for the same period.
On June 2, for instance, the number of new rental applications were 112 per cent up on the same day in 2019, while completed lettings reached an increase of 124 per cent on June 10 compared to the same day in 2019.
Social distancing measures are still in place for viewing due to the coronavirus pandemic and video technology is increasingly being employed. But, unlike in Scotland and Wales, leases are being signed. Scotland is expected to open its property market again tomorrow (June 18) and Wales on Friday (June 19).